U.S. Sanctions Major Russian Oil Giants Amid Ukraine Conflict

The United States has imposed sanctions on major Russian oil companies, Rosneft and Lukoil, amid the ongoing conflict in Ukraine. The U.S. Treasury Department has urged allies to join the sanctions against Russia, emphasizing the need for Moscow to agree to an immediate ceasefire.

The United States has taken a significant measure in the ongoing Ukraine conflict by imposing sanctions on major Russian oil companies, Rosneft and Lukoil. This step underscores the U.S. government's commitment to pressuring Moscow to halt hostilities.

In a move to rally international support, Treasury Secretary Scott Bessent called on U.S. allies to adhere to these sanctions. The call for global cooperation emphasizes the need for a united front against Russian aggression.

The sanctions are part of a broader strategy aimed at compelling Moscow to agree to an immediate ceasefire in the Ukraine war, demonstrating the urgency and escalation of diplomatic efforts to resolve the conflict.

(With inputs from agencies.)